Friday, September 17, 2021

Majors Grains+CADUSD-Trends.Traded.Targets-Sept17/2021-Fri.

MARKETS: PRICE-SUPPLY/DEMAND DURING ACTIVITY OF TRADING
TRENDS: JOIN: DISTINCT HIGHER LOWS (UP)-DISTINCT LOWER HIGHS (DOWN).
TRADED: DIRECTION-TREND-TARGET-CLOSE-ACTIVITY-(HI/LO PRICE RANGE).
TARGETS: PROJECTED PRICE POINTS AS OBJECTIVES OF RESISTANCE/SUPPORT

CORN (ZCZ21): WORLD ENDING STOCKS/(LESS CHINA)-21/22-UP 3.98MMT
TRENDS: PRICE: DOWN-OPEN INTEREST: DOWN-VOLUME: DOWN-RANGE/(758.2-302)
TRADED: DOWN-LOWER HIGH-SUPPORT@LINE ABOVE 517-CLOSE FLAT-NET BUYING-STEADY. 
TARGETS: (564(540-517)494)COMMERCIAL-LESS SHORT/NON COMMERCIAL-LESS LONG.

SOYS (ZSX21): WORLD ENDING STOCKS/(LESS CHINA)-21/22-UP 0.75MMT 
TRENDS: PRICE: DOWN-OPEN INTEREST: DOWN-VOLUME: FLAT-RANGE/(1667.4-791).
TRADED: DOWN-IN FLAT MOVE-TESTED/CLOSE BELOW 1292-NET SELLING-ESCALATED. 
TARGETS: (1329(1292-1256)1221)COMMERCIAL-FLAT SHORT/NON COMMERCIAL-LESS LONG.

WHEAT (ZWZ21): WORLD ENDING STOCKS/(LESS CHINA)-21/22-UP 4.76MMT 
TRENDS: PRICE: DOWN/LESS-OPEN INTEREST: LOWER-VOLUME: LOWER-RANGE/(786.4-387). 
TRADED: FLAT-ON TREND-UPSIDE SUPPORT@704-CLOSE DOWN-NET SELLING-DEESCALATED.
TARGETS: (731(704-677)651)COMMERCIAL-NOW LONG/NON COMMERCIAL-LESS LONG.

DOLLAR (D6Z21)/NEW                    
TRENDS: PRICE: UP-OPEN INTEREST: LOWER: VOLUME: DOWN/LESS-RANGE/(8321-6820)
TRADED: DOWN-ON TREND-PENETRATED/CLOSED DOWN BELOW 7875-SELLING-ESCALATED.
TARGETS: (8053(7964-7875)7786)COMMERCIAL-NOW LONG/NON COMMERCIAL-MORE SHORT.

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